Danmarks Nationalbank

Logo	Headquarters

Headquarters

Havnegade 5, Copenhagen

Established

1 August 1818

Royal Director

Lars Rohde

Central bank of

The Kingdom of Denmark

Currency

Danish krone
DKK (ISO 4217)

Reserves

479,065,000,000DKK^[1]

Website

Official Website

Danmarks Nationalbank (English: Danish National Bank; in Danish often simply Nationalbanken) is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks (ESCB). Since its establishment in 1818, objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy.^[2]

The building which houses the bank's headquarters was designed by the renowned architect Arne Jacobsen, in collaboration with da:Hans Dissing and da:Otto Weitling. After Jacobsen's death, his office, renamed Dissing+Weitling, has brought the construction to completion.

Danmarks Nationalbank undertakes all functions related to the management of the Danish central-government debt. The division of responsibility is set out in an agreement between the Ministry of Finance of Denmark and Danmarks Nationalbank.

Danish and Faroese banknotes are printed at Danmarks Nationalbank's Banknote Printing Works.^[3] This will end during 2016, when the printing of banknotes will be outsourced due to less demand for cash, and cut in expenses of 100 million kroner until 2020.^[4]

History

The old building in 1899.

The bank was established on 1 August 1818 by King Frederick VI of Denmark. The private bank was given a 90-year monopoly on currency issue, which was extended in 1907 out to 1938. In 1914, the National Bank became the sole banker for the Danish government. The bank became fully independent of the government in 1936.

Board of Governors

The Board of Governors consists of three members. The Chairman of the Board of Governors is Governor by Royal Appointment. The two other Governors are appointed by the Board of Directors.

List of Royal Governors

1818-1818: Christian Klingberg
1835-1856: Lauritz Nicolai Hvidt
1821-1861: Nicolai Aagesen
1836-1845: Peter Georg Bang
1856-1861: Hans Peter Hansen
1861-1892: Moritz Levy
1868-1888: W.C.E. Sponneck
1869-1896: Stephan Linnemann
1873-1887: W.J.A. Ussing
1873-1896: F.C. Smidt
1887-1888: Carl Vilhelm Lange
1896-1913: Søren Christian Knudtzon
1888-1913: Rasmus Strøm
1896-1906: Johannes Nellemann
1907-1924: Jens Peter Winther
1908-1908: Ole Hansen
1908-1920: Johannes Lauridsen
1913-1939: Westy Stephensen
1914-1923: Marcus Rubin
1914-1924: Carl Ussing
1920-1923: Jens Peter Dalsgaard
1923-1931: Holmer Green
1923-1936: Hans Rosenkrantz
1924-1932: Jakob Kristian Lindberg
1925-1936: F.C.G. Schrøder
1935-1955: Ove Jepsen
1936-1949: C.V. Bramsnæs
1939-1957: Henning Haugen-Johansen
1949-1950: Holger Koed
1950-1963: Svend Nielsen
1956-1963: Siegfried Hartogsohn
1957-1985: Frede Sunesen
1963-1985: Svend Andersen
1965-1994: Erik Hoffmeyer
1980-1996: Ole Thomasen
1982-1990: Richard Mikkelsen
1991-2005: Bodil Nyboe Andersen
1995-2010: Jens Thomsen
1996-2011: Torben Nielsen
2005-2013: Nils Bernstein
2011-: Per Callesen
2011-: Hugo Frey Jensen
2013-: Lars Rohde

Logo

The official logo of the bank is a nineteenth-century version of Denmark's coat of arms showing the insignia of Denmark, Schleswig, and Holstein. The two latter provinces were lost in the 1864 Second War of Schleswig, and the bank is the only official Danish institution still using this insignia. Since the late 19th century, coins minted by the bank carry a heart-shaped mint mark. Before this time, the Mint used a mark showing the royal crown.

References

↑ "SPECIFICATION FOR NATIONAL BANK BALANCE AFTER THE SPECIFICATION AND INSTRUMENT - INVENTORIES". nationalbanken.dk (in Danish). Retrieved 27 January 2016.
↑ The National Bank of Denmark Act, 1936 - Fraser: Federal Reserve of St. Louis. Access date: 12 July 2012.
↑ "Facts about the banknotes". Danmarks Nationalbank. Retrieved 27 January 2013.
↑ Ulrik Horn (20 October 2014). "Nationalbanken lukker og slukker for seddelpressen" (in Danish). Dagbladet Børsen. Retrieved 10 March 2016.

External links

Official website

Wikimedia Commons has media related to Danish National Bank.

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Danmarks Nationalbank

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Board of Governors

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See also

References

External links